UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) | Delaware | 87-2488708 | | --- | --- | | (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | | 3701 Briarpark Drive | | | Suite 150 | | | Houston, Texas | 77042 | | (Address of principal executive offices) | (Zip Code) | | Registrant's telephone number, including area code: (832) 742-8500 | | Securities registered pursuant to Section 12(b) of the Act: | | Trading | ...

The main reason DTI went public was to take advantage of the consolidation opportunity exist in the E&P sector. Therefore, the main driver for DTI's growth is expected to be M&A. The stated goal is to use this strategy and double or even triple the size of DTI in the coming years. sasacvetkovic33 Investment Thesis Drilling Tools International (NASDAQ:DTI) aims to grow by following buy-and-build strategy. The business has better margins compared to its peers, higher return on invested capital, and lower valu ...

About Drilling Tools International Corp. DTI is a Houston, Texas based leading oilfield services company that manufactures and rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas wells. With roots dating back to 1984, DTI now operates from 16 service and support centers across North America and maintains 7 international service and support centers across Europe and the Middle East. To learn more about DTI, please visit: www.drillingtools.com. Contact: DTI Investo ...

财务数据和关键指标变化 - 2024年第一季度总收入为3700万美元,其中工具租赁收入约3000万美元,产品销售收入700万美元 [26] - 2024年第一季度营业费用为3180万美元,营业利润为510万美元 [26] - 2024年第一季度调整后净收入为380万美元,调整后EBITDA为1090万美元,调整后自由现金流为470万美元 [27] - 2024年公司预计全年收入在1.7亿美元到1.85亿美元之间,调整后EBITDA在5000万美元到5850万美元之间,调整后净收入在1560万美元到2190万美元之间,调整后自由现金流在2000万美元到2550万美元之间 [31][32][33][34] 各条业务线数据和关键指标变化 - 公司的主要业务包括工具租赁、产品销售和维修服务,其中工具租赁收入占比较大 [13][14] - 公司通过收回损坏或丢失的工具维持租赁工具的相关性和可持续性,这部分收入占总收入约9% [29][30] - 公司最近收购的Deep Casing Tools业务带来了较高毛利的产品销售收入,有助于提升公司的整体利润率 [49][50][52] 各个市场数据和关键指标变化 - 2024年第一季度北美陆上钻机数量同比下降19%,但公司收入仅下降9%,优于行业整体表现 [28] - 公司在中东地区的业务正在快速发展,2024年预计中东及国际业务收入占比将达到10%-11%,未来几年有望进一步提高 [66][67] - 公司正在加大在中东和国际市场的投资力度,包括扩大产品线、增加库存等,以加快业务拓展 [47] 公司战略和发展方向及行业竞争 - 公司通过收购Deep Casing Tools和正在进行的SDP收购,正在积极拓展产品线和市场,特别是在中东地区的业务 [9][10][21][23] - 公司希望通过并购实现业务规模的2-3倍增长,已建立了完善的并购框架和管线 [21][22][38] - 公司认为大型客户更倾向于与规模较大、服务能力较强的供应商合作,这有利于公司的发展 [55] - 公司在行业周期中保持了良好的财务表现,并将持续关注成本控制和现金流管理 [17][18][19][34] 管理层对经营环境和未来前景的评论 - 公司认为北美钻机数量已经触底,预计2024年将保持相对平稳 [20] - 公司看好中长期能源需求前景,特别是天然气和电力需求的增长 [20] - 公司对2024年的业务前景保持乐观,并重申了此前公布的业绩指引 [36][37][38] - 公司将继续推进并购整合,并通过新产品和服务拓展客户群和市场份额 [36][37][38] 问答环节重要的提问和回答 问题1 **Jeff Grampp 提问** 询问公司2024年收入增长的主要驱动因素 [44] **Wayne Prejean 回答** 公司有一些增长举措在下半年会有更大贡献,公司对全年指引充满信心 [45] 问题2 **Steve Ferazani 提问** 询问Deep Casing Tools收购对公司利润率的影响 [49] **Wayne Prejean 回答** Deep Casing Tools的产品销售业务毛利较高,加上协同效应有望提升公司整体利润率 [50][52] 问题3 **John Daniel 提问** 询问公司国际业务的增长前景 [65][67] **Wayne Prejean 回答** 公司预计2024年国际业务收入占比将达到10%-11%,未来几年有望进一步提高,公司正在加大在中东等地区的投资力度 [66][67][68][69]

0 5 10 15 20 25 30 35 Q1 2020Q2 2020Q3 2020Q4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024 Millions of Feet E&P Capital Spending Historical Feet Drilled(3) (4) Poised for continued organic and inorganic growth | --- | --- | --- | --- | |--------------------------------|-----------|-------|----------| | Revenue | $170,000 | - | $185,000 | | Adjusted EBITDA (1) | $50,000 - | | $58,500 | | Adjusted Net Income (1) | $15,600 | - | $21,900 | ...

Exhibit 99.1 News Release Drilling Tools International Corp. Reports 2024 First Quarter Results Company Reaf irms 2024 Outlook HOUSTON — May 9, 2024 — Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, as well as other cutting-edge solutions across the well life cycle, ...

HOUSTON, April 25, 2024 /PRNewswire/ -- Drilling Tools International Corp., (NASDAQ: DTI) ("DTI" or the "Company"), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that it plans to report 2024 first quarter financial results prior to the Company's live confer ...

Drilling Tools International Corp. (NASDAQ:DTI) Q4 2023 Results Conference Call March 28, 2024 11:00 AM ET Company Participants Ken Denard - IR Wayne Prejean - CEO David Johnson - CFO Conference Call Participants Jeff Grampp - Alliance Global Partners Steve Ferazani - Sidoti & Company John Daniel - Daniel Energy Partners Operator Greetings and welcome to the Drilling Tools International 2023 and Fourth Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-41103 DRILLING TOOLS INTERNATIONAL CORPORATION (Exact name of Registrant as specified in its Charter) Delaware 87-2488708 (State or o ...

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE Drilling Tools International Provides Preliminary Estimates of 2023 Full Year Results Company announces 2023 year end conference call for March 28, 2024 HOUSTON — March 7, 2024 — Drilling Tools International Corp., (NASDAQ: DTI) (“DTI” or the “Company”), a global oilfield services company that manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations, today provid ...